CARMEL, Ind.--(BUSINESS WIRE)--Baker Hill, a leading provider of technology solutions for common loan origination, relationship management and smart data analytics, announced that Level One Bank has selected its Bank2Consumer and Bank2Business loan origination solutions.
Farmington Hills, Mi.-based Level One Bank has seen organic loan growth of more than 25 percent for the past three years, prompting the bank to identify technology capable of driving efficiencies through each stage of the loan lifecycle. After carefully evaluating multiple providers, the bank selected Baker Hill’s Bank2Consumer and Bank2Business platforms to drive all aspects of its lending business, from underwriting and approval through documentation, reporting and monitoring of loan relationships.
“We carefully reviewed the technology available in the market, concluding that Baker Hill offered the most robust, proven solution to accommodate our rapidly growing loan portfolio,” said Gregory Wernette, EVP and chief lending officer for Level One Bank. “By relying on Baker Hill’s lending technology, we look forward to gaining new efficiencies and capabilities through the lifecycle of our loan relationships, which will allow us to better serve clients while maintaining the credit quality that underpins all of our ongoing success.”
Bank2Business and Bank2Consumer expedite the credit request process for consumer and business loans, enabling financial institutions to manage a greater volume of applications in a quick and consistent manner. The platforms collect applicants’ personal and business financial history data and account for each institution’s credit policies to support multiple decision strategies while mitigating risk and ensuring compliance. Level One Bank also plans to implement Baker Hill’s Statement Analyzer tool, which provides web-based financial analysis to help the bank evaluate customers’ credit risk and make sound credit decisions.
“Level One Bank exemplifies a progressive and growing community bank with a vision of providing a better way for its consumer and business customers to bank,” said Naseer Nasim, CEO of Baker Hill. “The bank understood that, based on its outstanding growth, leveraging technology was a must. Our loan origination solutions will help Level One Bank remove the numerous touchpoints and instead, automate the loan lifecycle to make decisions that are sound and fast, while focusing more on delivering exceptional customer service.”
In addition to faster turnaround times, Level One Bank selected Baker Hill’s technology based on its ability to automate compliance tasks as well as for its powerful reporting features.
About Level One Bank
Level One Bank is a full-service, 5-Star BauerFinancial rated commercial and consumer bank headquartered locally in Farmington Hills, Michigan with assets of approximately $1.0 billion. It currently operates eleven full-service banking centers located throughout Oakland County and the surrounding communities. Level One Bank’s success has been recognized both locally and nationally as the U.S. Small Business Administration’s (SBA) ‘Community Lender of the Year’ and ‘Export Finance Lender of the Year’, one of SNL Financial’s ‘Top 100 Performing Community Banks’, Inc. Magazine’s list of 5,000 ‘Fastest Growing Private Companies in America’, and one of Metro Detroit’s ‘101 Best & Brightest Companies to Work For’.
Level One’s Commercial Division provides a complete menu of products including lines of credit, term loans, leases, commercial mortgages, SBA loans, Export-Import Financing and a full suite of Treasury Management services. The Consumer Division offers personal savings and checking accounts and a complete array of consumer loan products including residential mortgages, home equity, auto, and credit card services. Level One Bank offers a variety of online banking services and a robust mobile banking application for individuals and businesses. Level One Bank offers the sophistication of a big bank, the heart of a community bank, and the spirit of an entrepreneur. For more information, please visit www.levelonebank.com.
About Baker Hill
Baker Hill empowers financial institutions to work smarter and drive more profitable relationships. The company delivers solutions that streamline origination and portfolio management for business, consumer direct and indirect lending. Baker Hill also delivers sophisticated business intelligence and revenue enhancement solutions that support sound business decisions to mitigate risk and generate growth. Baker Hill is the #1 provider of member business lending services, serving 600 financial institutions, including more than 20% of the top 150 U.S. banks and 20% of the top 25 U.S. credit unions. For more information, visit www.bakerhill.com and follow the company on Facebook, Twitter and LinkedIn.
